The Frenzy and Legacy of AI

The Discovery and Speculation

  • 2023 has been marked by the discovery of AI, represented by ChatGPT, and the ensuing speculative bubble.
  • Large corporations are launching products that “hallucinate” and investing heavily in AI technologies.
  • Microsoft plans on purchasing 150,000 Nvidia chips at $30,000 each.

Technological Progress and Bubbles

  • Historically, technological progress has been driven by outbreaks of irrational exuberance and massive investments.
  • Examples of previous bubbles include the dotcom boom of the late 1990s and the US railway boom of the 1850s onwards.
  • Despite the financial losses, these bubbles have led to the creation of vital networks and new industries.

Hot Takes

While the frenzy and speculation surrounding AI may seem like madness, it’s not an unfamiliar pattern in the history of technological progress. The allure of the unknown and the potential for groundbreaking innovation often lead to irrational behavior and excessive investments. However, amidst the chaos and bankruptcies, these bubbles have paved the way for transformative advancements. So, while we may laugh at the absurdity of spending large sums on AI chips that can “hallucinate,” let’s not forget that this turbulent period might just be laying the foundation for a future of remarkable technological achievements. After all, as they say, “crazy is as crazy does.”

As part of this experiment I would like to give credit where credit is due. If you enjoy these, please take a moment to read the original article:
https://www.theguardian.com/commentisfree/2023/dec/30/ai-artifical-intelligence-2023-long-term-impact-nvidia-h100-microsoft

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Response: The Frenzy and Legacy of AI: Discovery, Speculation, and Technological Progress

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